Welcome!

Silverlight Authors: Automic Blog, Michael Kopp, AppDynamics Blog, Kaazing Blog, Steven Mandel

News Feed Item

CORRECTING and REPLACING Pure Diamond Block Chain Technology - Jewelry Industry's New Groundbreaking Innovation

Please replace the release dated August 22, 2018, with the following corrected version due to multiple revisions.

The corrected release reads:

PURE DIAMOND BLOCK CHAIN TECHNOLOGY - JEWELRY INDUSTRY'S NEW GROUNDBREAKING INNOVATION

The global jewelry industry has its eyes on a new Japanese innovation - lab-grown diamonds which are chemically, physically and optically identical to natural diamonds.

Pure Diamond Lab, a Tokyo-based company, is able to cultivate diamonds which have identical qualities of natural-occurring ones and therefore qualify to be certified by the GIA (Gemological Institution of America). These diamonds are grown in a controlled environment of the company’s laboratories using pure carbon material, giving birth to a breed of ‘flawless’ lab-grown diamonds which exhibit optical properties superior to natural ones. Diamonds can be cultivated in a wide spectrum of colors including ones that do not occur naturally, which could instantly overturn the market of, for example, extremely rare red and blue diamonds.

A major distinguishing factor that sets apart Pure Diamond Co. Ltd. from their competitors is their development of a Block Chain technology for the diamond market. Information on cultivation, refinement and appraisal of lab-grown diamond is collected and digitalized, creating a profile that is available to the end consumer, thus increasing transparency and enhancing the retail experience. It just so happens that the CTO of the Pure Diamond Block Chain project, Mr. Jun Kawasaki is the famous ’White Hat’ hacker that solved Coincheck’s 500 million NEM hack in January. Mr. Kawasaki believes that the Pure Diamond Block Chain development project is “the correct way to use Block Chain,” and Pure Diamond Lab’s producer Mr. Hideyuki Abe adds the technology “gives every diamond a story.”

Lab-grown diamonds such as those cultivated by Pure Diamond Lab are also reshaping the global diamond industry to become more sustainable and ethical. Cultivating diamonds in a laboratory environment relieves the pressure of demand on diamond mines, which is a threat to the environment. Moreover, Pure Diamond Block Chain technology helps prevent the distribution of so-called ‘blood diamonds,’ i.e. diamonds mined in war zones and sold to finance further conflicts.

To expand the lab-grown diamond project, the company plans to use the ICO of Pure Diamond Coin (PDC), a cryptocurrency secured by Pure Diamond Farm Singapore to fund equipment and R&D. Furthermore, the company is currently in the final stages of intellectual property registration, which is expected to further strengthen their foothold in the lab-grown diamond industry. The aim is to change the future of the diamond industry step by step, which makes the Pure Diamond Block Chain project an exciting one to watch out for.

http://purediamond-ico.com/

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
Tapping into blockchain revolution early enough translates into a substantial business competitiveness advantage. Codete comprehensively develops custom, blockchain-based business solutions, founded on the most advanced cryptographic innovations, and striking a balance point between complexity of the technologies used in quickly-changing stack building, business impact, and cost-effectiveness. Codete researches and provides business consultancy in the field of single most thrilling innovative te...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...